NORMA Group SE
NORMA Group successfully completes acquisition of Fengfan
DGAP-News: NORMA Group SE / Key word(s): Takeover NORMA Group successfully completes acquisition of Fengfan Maintal, Germany/Shaoxing City, China, July 3, 2017 – NORMA Group, a global market leader in engineered joining technology, has successfully completed the acquisition of Fengfan Fastener Co., Ltd. (“Fengfan”). Fengfan, headquartered in Shaoxing City, China, produces joining products made of stainless steel and plastic as well as specialty textiles. Following NORMA Group’s signing of the purchase agreement on March 28, 2017, for 80 percent of Fengfan’s shares, the authorities have now approved the acquisition. “We are consistently advancing our international expansion. After having acquired and successfully integrated companies in Malaysia and Australia, we are now strengthening our presence in the important growth market of China with the majority stake in Fengfan,” says Werner Deggim, CEO of NORMA Group. Fengfan was consolidated in the second quarter of 2017. Fengfan markets its products in the Chinese market and exports to other countries. Their approximately 190 employees produce cable ties, fastening elements and specially coated, fire-resistant textiles. Many of Fengfan’s customers come from shipbuilding and heavy industry. Additional information on the company is available on www.normagroup.com. Press photos are available from our platform on www.normagroup.com/images. Contact
03.07.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | NORMA Group SE |
Edisonstr. 4 | |
63477 Maintal | |
Germany | |
Phone: | +49 6181 6102 741 |
Fax: | +49 6181 6102 7641 |
E-mail: | ir@normagroup.com |
Internet: | www.normagroup.com |
ISIN: | DE000A1H8BV3 |
WKN: | A1H8BV |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |